Decade Resources Ltd. announced that it has entered into an agreement of bought deal brokered private placement to issue 6,250,000 flow through units at a price of CAD 0.24 per unit, for aggregate gross proceeds of CAD 1,500,000 and non-brokered private placement to issue 2,000,000 flow through units, at a price of CAD 0.24 per unit, for gross proceeds of CAD 480,000, and for 1,350,000 non-flow-through units at a price of CAD 0.20 per unit, for gross proceeds of CAD 270,000 for the total gross proceeds of CAD 2,250,000 on August 14, 2023. The transaction will include participation from new investor, Redplug Inc. Both the non-flow-through unit and the flow-through unit include one common share and one transferable warrant exercisable for the purchase of one additional common share, at a price of CAD 0.32 per share, for 2 years. The transaction is expected to close on or about August 28, 2023.

The offering is subject to approval of the TSX Venture Exchange. All securities issued in the Offering will be subject to the statutory hold period of four months and one day from the date of issuance.